Petrol Diesel Price Rate Today: In Delhi, citizens have to pay Rs 69.59 for a litre of petrol while diesel costs Rs 62.29 per litre, no change in rate compared with Thursday's price

File photo&nbsp | &nbspPhoto Credit:&nbspBCCL

New Delhi: The pump prices of petrol and diesel on Friday (March 27) remained unchanged for the 11th successive day across the country, amid a three-week nationwide lockdown which is likely to hit auto fuels sales by over 90 per cent. In Delhi, a litre of petrol today costs Rs 69.59 while diesel costs Rs 62.29 litre, no change compared with Thursday’s price.

Worth mentioning here is that global benchmark Brent crude oil prices continued its downward slide amid concerns about the spread of the coronavirus disease (Covid-19) and falling demand. The price of Brent crude halved in March to USD 25 a barrel. Analysts predicted global crude oil demand would decline by 10 million barrels per day, or 10 per cent in the next months.

Rates in top cities

Local prices of fuel are the cheapest in New Delhi among all metros and most state capitals due to lower taxes. Since January this year, petrol prices fell nearly by Rs 6.42 litre and diesel by Rs 6.88 in New Delhi. Precisely, so far this month, petrol prices have dropped by Rs 2.12 a litre while the prices of diesel have tumbled by Rs 2.01 per litre in Delhi.

If you are in Mumbai, you will have to pay 75.30 for a litre of petrol and Rs 65.21 for diesel, as per data available with Indian Oil Corp website. Similarly, in Chennai, petrol and diesel are selling for Rs 72.28 a litre and Rs 65.71 per litre respectively, no change in prices against Thursday’s prices.

The price of petrol in Kolkata stands at Rs 72.29 per litre while diesel is priced at Rs 64.62 per litre. In Hyderabad and Bengaluru, local prices of petrol are steady at Rs 73.97 and 71.97 per litre, respectively. Diesel prices, on the other hand, also remained static at Rs 67.82 and Rs 64.41 a litre, respectively.

In Gurugram, petrol price remained static at Rs 70.21 a litre and diesel costs Rs 62.08 per litre. In Noida, too, petrol, diesel prices remained steady Rs 72.03 a litre and Rs 62.96 per litre, respectively.

Daily pricing

As per the daily pricing mechanism, the fuel prices are dependent on the international crude prices and the rupee-US dollar exchange rate as India imports about 80 per cent of its crude requirements. On Thursday, the jumped by another 78 paise to close at 75.16 against the US dollar on after Finance Minister Nirmala Sitharaman announced a slew of welfare measures to contain the economic fallout of the coronavirus disease.

Brent crude

On Friday, in the international oil market, crude prices rose after world leaders pledged a huge infusion of funds to mitigate the coronavirus crisis, despite concerns that the outbreak will destroy demand for crude oil. International Brent crude oil futures were trading at USD 26.84 per barrel, up 50 cents, or 2 per cent, from their last close. West Texas Intermediate (WTI) crude futures surged by 60 cents to USD 23.20 per barrel.

Meanwhile, top leaders of the Group of 20 major economies promised on Thursday to pump in over USD 5 trillion into the global economy to contain job and income losses from the coronavirus pandemic.